NEWS
Thu May 16, 2013 08:03 AM CDT

OMAHA (DTN) -- The weekly export sales report should be viewed as neutral to bearish for corn, neutral to bullish for soybeans and bearish for wheat, according to DTN Senior Analyst Darin Newsom.

Weekly export sales of corn showed a total of 258,500 mt (10.2 mb), with 219,900 mt (8.7 mb) for 2012-2013. The 2012-13 number is above the 128,600 mt (5.1 mb) needed this week to stay on pace with USDA's revised demand projection of 750 mb. Weekly shipments of 298,500 mt (11.8 mb) were below the 372,800 mt (14.7 mb) needed this week. This report should be viewed ...

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